Once a beloved star in the NBA, free agent guard Gilbert Arenas has a new chance to prove to the basketball masses that he can help a team win. The Memphis Grizzlies signed Arenas today, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced. According to the Memphis Commercial Appeal, “Arenas, who was in Memphis the past two days, passed a physical and signed a one-year contract for the veteran’s minimum. Memphis will pay him a prorated salary worth about $300,000.” InsideHoops.com